Friday, 30 May 2014

will we get a breakout to run the stops and reverse ? The huge TAS pattern on Ftse tells us the market is weak,which reduces the likelihood of a runaway move to the upside,so this is my preferred scenario.We also have the potency of 6920 Gann resistance level to contend with (2 x 2009 low)

Has the Ftse250 topped ? Like the Russell2000 in the US,it has significantly underperformed its larger counterpart recently.There is a head and shoulders type topping pattern in place,a trendline break and bearish 50,100 day cross on the moving averages

"We
have been fed lies about the US economy for months on end. We've
listened to lies about inflation; we've been told lies about our
“healthy economy.” As far as I'm concerned, manipulation of the markets
is tantamount to lying. Manipulating the markets (as per QE) is forcing
the markets to behave in an unnatural way, thereby destroying the normal
action of free markets and thwarting the forces of supply and demand.
And I ask myself, what's behind these endless lies?

It's
always a matter of money, position, and power. Thousands of men and
women depend for their livelihood on employment at the Federal Reserve.
They live in fear of losing their jobs. So naturally, one of their
objectives is to preserve or endure their jobs. This means keeping the
Fed alive at all costs. Underlying all this is fear. The fear in this
case is that Congress may, one day, vote the Fed out of existence. So
fear is really behind the lies, and thus the system perpetuates itself.
Who, I ask, dares to tell the truth? The truth-teller in the end is too
often squashed, and the lies go on.

It's
up to the private media to expose the lies. But, for instance, when the
media faces the question of US gold, the media is somehow silenced. So
the ever-present possibility that the truth will come out -- hangs in
the balance.”

"Dr. Roberts: “Well, I
think the most interesting part of this forum so far was President
Putin’s speech today at the forum. He explicitly criticized the United
States for bringing such a strategic threat to Russia. He spoke very
diplomatically, but the implication is there that he’s simply not going
to tolerate the Ukraine as a member of NATO, with American missile bases
on Russia’s border.

He
doesn’t say it in so many words, but (it was) the way he emphasized the
fact that Washington thinks they can just ignore Russia. And he also
explicitly criticized the Europeans for being Washington’s puppets. He
didn’t use the word ‘puppet,’ but he criticized them for being
unresponsive to Russian efforts to resolve the crisis, and for telling
Russia that it was none of Russia’s business.

And
he accused the Europeans for being snobs, thinking that they are too
good to talk to Russians. So whatever hopes Russia had for the for the
deals at the economic summit, the most important thing for Putin was to
send this message to the powerful American firms and to the powerful
European firms that if this continues, if their governments ignore
legitimate Russian protests about policies and continue to disregard the
aspect of the Ukrainian crisis, and the meaning of it for Russia
itself, that there was going to be further trouble.

So I
think that message will go back to the idiots in Washington and to
Washington’s vassals in the Merkel, Cameron, and Hollande governments.
And then they will have to decide who’s interests are really on the
line. Is it in Germany’s, France’s, and the UK’s interests, to create a
situation for Russia that does not benefit Germany, France, or the
U.K., but merely serves the purpose of American hegemony over the world?"

http://21stcenturywire.com/201...
whistleblower-karen-hudes-how-the-global-elite-rule-the-world/
A former insider at the World Bank, ex-Senior Counsel Karen Hudes,
says the global financial system is dominated by a small group of
corrupt, power-hungry figures centered around the privately owned U.S.
Federal Reserve. The network has seized control of the media to cover up
its crimes, too, she explained. In an interview with The New American,
Hudes said that when she tried to blow the whistle on multiple problems
at the World Bank, she was fired for her efforts. Now, along with a
network of fellow whistleblowers, Hudes is determined to expose and end
the corruption. And she is confident of success.
Citing an
explosive 2011 Swiss study published in the PLOS ONE journal on the
“network of global corporate control,” Hudes pointed out that a small
group of entities — mostly financial institutions and especially central
banks — exert a massive amount of influence over the international
economy from behind the scenes. “What is really going on is that the
world’s resources are being dominated by this group,” she explained,
adding that the “corrupt power grabbers” have managed to dominate the
media as well. “They’re being allowed to do it.”

"The currencies of Russia and China are not ready for prime time. There
is too much political instability right now and that undermines the
value of a currency aside from the fact that people can trade in them,
that is nice, but they then quickly covert to dollars. The process of
dethroning the dollar is nonetheless underway. However, that will not be
accomplished by trade. The way that will happen is only when we see the
inevitable systemic collapse in government debts. That will begin in
Europe, then hit Japan, and the USA will be last."

Wednesday, 21 May 2014

This is an amazing video from Michael Tsarion on alternative history,ancient origins. The Bible,Druidic mythology,Serpents,Tolkien,Spielberg,psychology,symbolism...its all there .A fantastically creative mind.

Monday, 19 May 2014

"Turning to Asia and the economy everyone's focused on: China.
You’re on record saying that the economic slowdown in China won't get
too serious. Do you maintain that view?JR: I'm not sure where I said that. Where did I say that?You've said that there’s unlikely to be an economic crash like famed short-seller, Jim Chanos, and others are forecasting.JR: That’s not right. What I’ve said is that China
is the next great country in the world. There’ll certainly be setbacks
along the way.
In the 19th century, as America was rising to power, it had 15
depressions, a horrible Civil War, massacres in the streets and little
in the way of human rights. And yet, America turned out to be pretty
successful.
China will have setbacks along the way. I have no idea what, when,
why or how. But China is the largest creditor nation in the world and if
and when they have setbacks, I would rather be investing money with
creditor nations such as China than debtor nations.
I have frequently said that we’ll have people in the real estate
business going bankrupt in China because the government is trying to
cool off that particular sector. But on the other hand, other parts of
the Chinese economy will continue to do extremely well.
If you’re in agriculture in China, you won’t know whether real estate
speculators in Shanghai are going broke because you’ll be too busy
making money yourself."

The importance of this week from a cycle point of view is perhaps clearest here on the Ftse,where we have yet to take out the high from a year ago see also my Dax chart with cycle projection last week)

Sunday, 18 May 2014

John Rappaport "The Literal Mind"

from http://jonrappoport.wordpress.com/2013/06/26/why-hasnt-the-us-government-snatched-ed-snowden-yet/

"Our real problem is the limited mind, or perhaps we should call it the literal mind.
The literal mind can’t conceive of the levels of deception and bent
deal-making below the surface of events presented on the evening news.
The literal mind can’t, for example entertain the possibility that
Snowden’s revealed some important (though hardly surprising)
information, while at the same time, he has less than the purest of
motives.
The literal mind is a programmed mind.
You present it with the image of the most competent and brilliant
spying agency in the world, the NSA, and the “fact” that this agency
can’t find its own ex-employee, Ed Snowden, and there is no perceived
problem. No inconsistency.
The literal mind accepts all contradictions like hundred-dollar bills.
You could, for example, spend a year educating that mind about the US
corporations that aided the Nazis in World War 2. You could spell out
all the details. IBM, ITT, Standard Oil, etc.
And then, you could ask, “Do you think there is any chance the War was manipulated?”
And that mind would say, “Of course not. It was us versus them.”
You could say, “The science on manmade global warming is settled,”
and the literal mind would never think of replying, “Explain what you
mean by ‘settled.’ Who settled it? Exactly how?”
You could say, “Every year in the US, pharmaceutical drugs kill a
minimum of 106,000 people. Nutritional supplements kill no one. But
the FDA, which permits those drugs to enter the marketplace,
relentlessly attacks supplements. It does nothing to stem the tide of
deaths owing to the medical drugs.”
The literal mind would reply, “Yes? And? So?”
Some preposterous doofus on the news says, “Ed Snowden is walking
around with three laptops that contain the deepest secrets of the NSA.
Chinese or Russian hackers could have already gained access to all that
information.”
The literal mind would never wonder why, then, the NSA can’t accomplish the same feat and discover what Snowden has pilfered.
The literal mind, under guidance from elite media anchors, will
connect the dots directly in front of it, but it will avoid, at all
costs, imagination. It will never posit alternative realities or
explanations which then make those dots take on different meaning,
fuller and deeper and truer meaning.
The literal mind is full of fear and protection. It wants to protect
itself and it is afraid that something novel might swim into view and
shatter it to pieces.
The literal mind is a clog in the bloodstream of life. It’s a believer in the extreme fairy tale of ordinary reality.
The literal mind imports, wholesale, images of ordinary reality and clings to them like a leech.
The literal mind, when it accidentally rubs up against creative life, retreats into a corner and mutters and curses.
The literal mind lives a second-hand existence through the news, which is the only food it can eat.
When the literal mind reaches the end of its tether, it seeks out
codified religious blather invented by a priest class for the purpose of
cutting people off from their own authentic spiritual energies and
insights and connections.
The literal mind is a coward. It only asks for other cowards with which it can commune.
The day is too long, the night is too long, the fear is too great.
The literal mind must therefore play out the string of a shrunken number
of days and wither away, hoping it can deceive the void it feels at the
center of its own experience.
The literal mind crawls around on a bed in the Universal Hospital.
It dreams of extinction, while knowing it is already extinct.
Do not hold out a helping hand to the literal mind. It will try to snap your finger off. That gesture is all it has left.
In the end, the literal mind turns out to be the most fictional thing in the world."